← Autodidact Archive · Original Dissent · JoseyWales
Thread ID: 19661 | Posts: 4 | Started: 2005-08-15
2005-08-15 17:17 | User Profile
This does not bode well for either the real estate mkt or economy in general. Most of us here have known for a while this sort of correction was coming. Well, folks, take a look at the charts of FNM and FRE...eeeewwwww ugllly!
Lots of red the last 4-6 weeks on my charts. Timmmmmmmmmbbbbeeeerrrrr
2005-08-15 23:57 | User Profile
Something funny i noticed today...on yahoo message boards for various homebuilder companies such as Pulte (PHM), DR Horton (DHI) and Centex (CTX). Lots of pumpers argue things like "ya sure there might be a slowdown but there are still buying and tons of immigrants coming in."
Hmmm, I wonder if they stop to think about how many of those "immigrants" are illegal beaners that live in 1 bedroom apartments along with 20 of his compadres ? The beaners buy these new $300K homes in any quantity - the ones that are still being built as fast as they can slap the lumber together.
2005-08-16 17:00 | User Profile
[URL=http://www.latimes.com/business/la-fi-homes16aug16,0,762231.story?coll=la-home-business]Housing Price Slowdown Continues[/URL]
2005-08-16 17:04 | User Profile
Im long some put options on one of the homebuilder companies. Got in at $1.10, trading at $1.30/$1.40 bid/ask as i type with strike of $70. The sharks smell blood in the water and Greenie da Weenie just keep slashing out at the housing bubble.